Bitcoin prices, which exceeded $110,000 for the first time last month, have dropped to the early $100,000 range. The market is paying attention to whether Bitcoin prices can rebound in earnest next month when the outlines of trade negotiations between the United States and major countries become clear.
According to the cryptocurrency market tracking site CoinMarketCap on the 9th, Bitcoin prices have been declining after setting a new high at the end of last month. On the 6th, it temporarily dropped to around $100,300, threatening the $100,000 level. Accordingly, the cryptocurrency fear and greed index, which shows investment sentiment, has moved from the 'greed' stage last month to the 'neutral' stage this month.
Analysts suggest that Bitcoin will find it difficult to find strong upward momentum within this month. In particular, tariff risks from the United States are cited as the biggest obstacle. This is because the uncertainty of the Trump administration's tariff policy has soared due to the recent U.S. court court's unconstitutional ruling on mutual tariffs and the difficulties in U.S.-China trade negotiations. The conflict that erupted when U.S. President Trump and Tesla CEO Elon Musk engaged in a dispute on social media also acted as a negative factor for Bitcoin.
The United States has proposed next month's 4th as the deadline for trade negotiations. Expectations are also growing that the U.S. Federal Reserve will soon lower interest rates. The global cryptocurrency exchange Bitfinex predicted that Bitcoin prices through $115,000 in early next month if such as buying and weak employment indicators are>
Experts believe that the Bitcoin bull market has not yet ended. This is why the global investment bank Standard Chartered (SC) recently released a report suggesting that Bitcoin prices could reach $200,000 by the end of the year. QCP Capital, a Singapore-based cryptocurrency investment firm, said, "Despite recent risk-averse sentiment, companies are actually buying Bitcoin" and "(despite tariff uncertainty) Bitcoin's short-term volatility will be low."
